FPIs turn net buyers, pump in `4,000 cr in July
14 July 2015 5:18 AM IST
The net inflow by Foreign Portfolio Investors (FPIs) in the stock markets stood at Rs 3,168 crore from July 1-10. It was Rs 905 crore for the debt markets, translating into a net inflow of Rs 4,073 crore, according to data available with the depositories.
FPIs' net outflow was over Rs 1,600 crore from the capital markets (debt and equities) last <g data-gr-id="18">month,</g> while they withdrew Rs 14,272 crore in May.
According to market experts, foreign investors are betting that Greece will strike a deal with creditors by this Sunday. It has recently submitted an economic reform proposal to creditors.
The move has created hopes among investors that Greece will be able to secure <g data-gr-id="20">fresh</g> round of funding, which will help it prevent bankruptcy and remain in the eurozone.
Fund infusion by FPIs will rise once issues related to Greece are sorted and the US Federal Reserve's position on interest rates gets clearer, say analysts. With the latest inflow, money invested by FPIs in the capital markets has reached Rs 82,500 crore since the beginning of the year.
Bombay HC restrains MSEI from cancelling MCX warrants
In an interim order, the Bombay High Court has restrained Metropolitan Stock Exchange of India (MSEI) from cancelling or extinguishing warrants worth Rs 41.60 crore held by the commodity bourse MCX. The court also restrained MSEI, formerly known as MCX Stock Exchange, from appropriating or dealing with the deposits of MCX placed with it, until it disposes the case filed by the commodity bourse against the stock exchange, Justice Gautam Patel ruled in an order dated July 9.
Next Story
